Renewables

A series of bills aiming to shore up the Texas power grid with backup dispatchable power is progressing through the state Senate, though some legislators fear the size and scope of the proposed rules ultimately will not address the reliability issues.  State Republican Sens. Phil King (District 10) and Charles Schwertner (District 5) introduced a…

Against a consistent backdrop of lackluster natural gas demand, robust production, lagging exports and unseasonably solid storage inventories, forward prices continued to crumble during the March 16-22 period, according to NGI’s Forward Look. Natural gas fixed prices declined more than 30.0 cents on average for April, with several U.S. locations recording even steeper decreases for…

Williams has found an enthusiastic cheerleader to help guide natural gas opportunities into the future with Chad Zamarin. The recently promoted executive vice president oversees Corporate Strategic Development for the natural gas pipeline behemoth. Zamarin sat down with NGI at CERAWeek by S&P Global to discuss what’s ahead at Williams. He also chairs the Interstate…

Natural gas price surges in the region this winter have led the California Public Utilities Commission (CPUC) to order utilities to issue customers’ annual California Climate Credit (CCC) early. Since the passage of California’s Assembly Bill 26, aka the Global Warming Solutions Act of 2006, most residents receive a CCC on natural gas bills in…

India, one of the world’s largest LNG importers, has unveiled a $30 billion plan to triple its clean power generation capacity by 2030 that would rely heavily on solar and wind to help reach a net-zero emissions target by 2070.   For now, the country continues to eschew gas in favor of coal and renewables. Record…

Renewable sources of energy are collectively on track to eclipse coal as the world’s leading source of electricity, with capacity growth forecast to nearly double in the next five years, the International Energy Agency (IEA) said in a new report. IEA’s Renewables 2022 report forecasts that abundant energy drivers such as wind and solar will…

The global push to reach net-zero emissions and meet the world’s future energy needs will cost trillions of dollars and require far more than renewable technologies, according to energy executives. “We’re still at that very early phase where we make these grand pronouncements and we’ve tried to jumpstart the machine without fully understanding, communally, the…

Since Russia’s unprovoked invasion of Ukraine, countries around the world are shifting their priorities toward energy affordability, according to a group of experts who spoke in New York City on Wednesday. The last 10 months have brought the issues of energy security, climate change and affordability “into contention,” according to Fahad Alajlan, president of Saudi…

Thirteen Massachusetts-based municipal public power entities have agreed to purchase more than 110 GWh/year of electricity from two hydroelectric power plants in Connecticut owned by FirstLight Power Resources Inc. The offtaker under the power purchase agreement (PPA) is Energy New England (ENE), a wholesale risk management and energy trading organization serving municipal utilities in New…